Latest Gold Exploration News

PC Gold has extended three gold lodes north of its Spring Hill resource, including a newly identified Link-style zone with grades as high as 10.03 g/t Au. Ten of 32 RC holes remain unassayed, leaving the scale and continuity of the extensions unresolved.

First Au has agreed to acquire the Ida Valley Gold Project in Western Australia for A$100,000 in cash and A$100,000 in shares. The project comes with historical drilling across two prospects, but the data still needs to be validated and the transaction remains conditional.

TechGen Metals has agreed to transfer its entire interest in the Ida Valley Gold Project to First Au for A$100,000 in cash and A$100,000 worth of First Au shares. The transaction remains conditional on due diligence and shareholder approval.

Hamelin Gold has expanded its Day Dawn drilling campaign after intersecting multiple high-grade gold lodes, including 3 metres at 93.4 g/t Au from 9 metres. The company raised approximately $8 million during the quarter and held $9 million in cash as it prepares for diamond drilling and further exploration across Western Australia.

Recharge Metals has completed its 100% acquisition of the Ironstone Well Gold Project, expanding its Prospero gold exploration trend near Leonora to more than 15km. The deal lands just as the company prepares to start its first 30,000m drilling campaign at the adjoining Sunset Well project.

Kalgoorlie Gold Mining has secured the full A$1.14 million targeted through its underwritten entitlement offer, despite eligible shareholders subscribing for only A$314,170. The capital is earmarked for drilling at the Lighthorse discovery, aircore work at LTZ Flexure and working capital.

Dalaroo Metals will drill five holes totalling about 1,250 metres around its high-grade Wilfred gold intercept in Côte d’Ivoire. The work is designed to establish whether the 18-metre zone at 7.31 g/t gold extends at depth and along strike, while new assays and a diamond rig add near-term exploration catalysts.

Torque Metals has secured A$25 million from institutional investors to expand drilling and regional exploration at its Ritz Gold Project in Western Australia. The placement will lift pro forma cash to about A$32.7 million, but adds roughly 21% to the existing share count and leaves the company’s million-ounce ambition dependent on exploration results.

AuMEGA Metals has uncovered a 100.5 g/t gold float sample at its Intersection Project in Newfoundland, the second-highest-grade sample recorded across its regional portfolio. Two further samples above 23 g/t strengthen the surface signal, although the results remain early-stage and most assays are still pending.

Prodigy Gold has launched a fully underwritten $7.92 million entitlement offer to fund exploration and project approvals, but the capital raising could also lift three existing substantial holders above their current voting stakes. The non-renounceable offer is priced at $0.047 a share, below the stock’s recent three-month low of $0.049.

Metal Hawk’s Leinster South project produced its strongest drilling results yet, led by a 9-metre intersection grading 12.3g/t gold at the Numbat lode. But the FY26 annual report also flags a material uncertainty over going concern, despite a subsequent $1.2 million placement.

Aurum Resources has confirmed that the Boundiali assay information was market-sensitive, while defending the timing and validity of a cleansing notice issued before the results were released. ASX has not indicated whether it accepts the company’s explanation.